Adishakti Loha and Ispat Limited
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Adishakti Loha and Ispat Limited's has transitioned to a publicly listed entity following its IPO debut on Oct 13, 2021 at the BSE exchange. The public offering successfully raised 18,20,000 Shares, consisting of TBDin new capital.
The IPO featured a competitive price range of ₹11 to ₹11 and minimum application size of 10000 shares. Market reception was evidenced through subscription activity between Sep 30, 2021 and Oct 05, 2021, reflecting investor appetite for the offering.
Allotment of shares was completed on Oct 11, 2021, distributing equity to successful applicants. The listing marked the beginning of the company's journey as a publicly traded corporation, subject to market dynamics and regulatory oversight.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Adishakti Loha and Ispat Limited is a metal trading company focused primarily on iron and steel. Operating on a B2B model, the company procures goods based on orders without maintaining inventory, supplying products directly from suppliers to customers. Its management has built strong trust with corporate clients, and the company currently serves a select group of clients.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Strong Promoter Network: Well-connected with Delhi’s trading community.
Experienced Management: Led by a qualified and skilled team.
Repeat Business: Maintains ongoing relationships with existing clients.
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- Mr. Pawan Kumar Mittal
Adishakti Loha and Ispat Limited
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